The report "Glass Fiber Yarn Market by Fiber Type (E-glass type, S-glass type), Yarn Type (Single Yarn, Piled yarn), Application (PCB, Façade, Marble & Mosaic Tiles, Structural parts), End-use Industry and Region - Global Forecast to 2027", is estimated to be USD 2.5 billion in 2022 and is projected to reach USD 3.5 billion by 2027, at a CAGR of 6.5% between 2022 and 2027. The glass fiber yarn market is segmented into five major regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. Asia Pacific is the largest market for glass fiber yarn market, followed by North America and Europe. The glass fiber yarn market in Asia Pacific is driven by the high economic growth rate, followed by heavy investments in energy, infrastructure, and automotive industries. Another factor impacting the glass fiber yarn market is the increasing population in Asian countries such as China and India. The region accounts for almost one-third of the global GDP measured in terms of purchasing power parity (PPP). Various companies are shifting their production units to the region because of the low cost of production and proximity to emerging markets such as India, Thailand, Indonesia, and Malaysia.
Glass fiber yarn comes in various forms for different applications. For example, glass fiber tapes are used for wrapping vessels and hot pipelines due to their thermal insulation properties. Similarly, glass fiber cloth is used as heat shields in fire curtains and others. Glass fiber ropes are braided from glass fiber yarns and used for packing purposes.
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The Electrical & electronics industry is expected to account for the largest market share in glass fiber yarn market during the forecast period.
In terms of value, the electrical & electronics segment is the dominant end user of glass fiber yarn with a market size of USD 645.46 million in 2021. The rising demand for insulation products in countries such as China, India, and Brazil is driving the market.
In this section, the glass fiber yarn market is analyzed based on various end-use industries, such as electrical & electronics, automotive & transportation, wind energy, building & construction, and marine, among others.
Weight reduction, increased processing speed encourage glass fiber yarn adoption to boost glass fiber yarn market
Glass fiber yarn is increasingly utilized in the development of automobiles, owing to its exceptional properties, such as high tensile strength, thermal insulation, and affordable cost. Several automobile manufacturers and glass fiber yarn producers are venturing into the mass production of glass fiber yarn automotive panels. Automotive manufacturers are adopting glass fiber as a substitute for metals in the production of exterior panels and vehicle interiors. Further, glass fiber yarn is being used in rubber drive belts, clutch discs & brake pads, headliners, and for automotive insulation, among others.
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APAC is expected to account for the largest market share in the glass fiber yarn market during the forecast period.
Asia Pacific is the largest market for glass fiber yarn. In this report, the Asia Pacific region is segmented into China, Japan, India, South Korea, and the Rest of Asia Pacific (Vietnam, Taiwan, Indonesia, Bangladesh, Singapore, and Malaysia). The Asia Pacific market for glass fiber yarn is driven by the rising income level of the middle-class population and increasing government investments, especially in the building & construction and automobile sectors.
Asia Pacific is increasingly becoming an important trade and commerce center. The region is currently the fastest-growing and the largest market for glass fiber yarn. With economic contraction and saturation in the North American markets, the demand is shifting to Asia Pacific. The manufacturers of glass fiber yarn are targeting this region as it has the largest construction industry, accounting for approximately 40% of the construction spending, according to the World Bank.
The glass fiber yarn market in developed economies such as the US, Germany, the UK, France, and Japan has almost reached the maturity stage. Most companies are turning to countries such as China, India, and Brazil that offer them sustained demand. The key challenges for the glass fiber yarn manufacturers in the developed economies include economic uncertainty, fluctuating prices of raw materials, volatile foreign currency exchange rates, slow economic growth, and demand-supply gap of raw materials.
The key players in the global glass fiber yarn market are Owens Corning (US), Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Saint-Gobain S.A., Nippon Electric Glass Co. Ltd., AGY Holdings Corp., China Beihai Fiberglass Co., Ltd., Taiwan Glass Industry Corp., Nitto Boseki Co. Ltd. (Japan), PFG Fiber Glass Corp. (Taiwan).
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The global Glass Fiber Yarn market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on Glass Fiber Yarn volume and value at global level, regional level and company level.
From a global perspective, this report represents overall Glass Fiber Yarn market size by analyzing historical data and future prospect.Regionally, this report categorizes the production, apparent consumption, export and import of Glass Fiber Yarn in North America, Europe, China, Japan, Southeast Asia and India.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-glass-fiber-yarn-2019-512For each manufacturer covered, this report analyzes their Glass Fiber Yarn manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.The following manufacturers are covered:PPGSaint-GobainFulltechKripa InternationalChina FiberglassXintai Jinniu Fiber GlassSinoma Jinjing FiberglassBTTOTaiwanglassJINWUSegment by RegionsNorth AmericaEuropeChinaJapanSoutheast AsiaIndiaSegment by TypeWinding YarnJet YarnSMC YarnOthersSegment by ApplicationPCBInsulation MaterialsOthersGet the Complete Report & TOC @ https://www.grandresearchstore.com/chemicals-and-materials/global-glass-fiber-yarn-2019-512Table of contentExecutive Summary1 Industry Overview of Glass Fiber Yarn1.1 Definition of Glass Fiber Yarn1.2 Glass Fiber Yarn Segment by Type1.2.1 Global Glass Fiber Yarn Production Growth Rate Comparison by Types (2014–2025)1.2.2 Winding Yarn1.2.3 Jet Yarn1.2.4 SMC Yarn1.2.5 Others1.3 Glass Fiber Yarn Segment by Applications1.3.1 Global Glass Fiber Yarn Consumption Comparison by Applications (2014–2025)1.3.2 PCB1.3.3 Insulation Materials1.3.4 Others1.4 Global Glass Fiber Yarn Overall Market1.4.1 Global Glass Fiber Yarn Revenue (2014–2025)1.4.2 Global Glass Fiber Yarn Production (2014–2025)1.4.3 North America Glass Fiber Yarn Status and Prospect (2014–2025)1.4.4 Europe Glass Fiber Yarn Status and Prospect (2014–2025)1.4.5 China Glass Fiber Yarn Status and Prospect (2014–2025)1.4.6 Japan Glass Fiber Yarn Status and Prospect (2014–2025)1.4.7 Southeast Asia Glass Fiber Yarn Status and Prospect (2014–2025)1.4.8 India Glass Fiber Yarn Status and Prospect (2014–2025)2 Manufacturing Cost Structure Analysis2.1 Raw Material and Suppliers2.2 Manufacturing Cost Structure Analysis of Glass Fiber Yarn2.3 Manufacturing Process Analysis of Glass Fiber Yarn2.4 Industry Chain Structure of Glass Fiber Yarn3 Development and Manufacturing Plants Analysis of Glass FiCONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
E Glass Fiber Yarn Market research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/68108/global-e-glass-fiber-yarn-2021-678 Segment by Type, the E Glass Fiber Yarn market is segmented intoFiber YarnFiber RovingSegment by Application, the E Glass Fiber Yarn market is segmented intoElectro & ElectronicsTransportConstructionSport & LeisureOthersBy Company, the E Glass Fiber Yarn market is segmented intoOwens CorningJushi GroupPPG IndustriesCPICTaishan Fiberglass (Sinoma)Advanced Glassfiber YarnsBinani-3BJohns MansvilleNippon Electric GlassNittoboSaint-Gobain VetrotexTaiwan Glass GroupValmiera Glass GroupSichuan Weibo New Material GroupProduction by Region, the E Glass Fiber Yarn market is segmented intoNorth AmericaEuropeChinaJapanConsumption by Region, the E Glass Fiber Yarn market is segmented intoNorth AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EReasons to Purchase Our Research Report:1.
Market dynamics scenario, along with growth opportunities of the market in the years to come3.
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects4.
Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.5.
